Inventory (Tables)

6 Months Ended

Jun. 30, 2017

Major components of inventory were as follows ($000’s omitted):



	June 30, 2017		December 31, 2016
Homes under construction	$	2,464,808	$	1,921,259
Land under development	3,997,728		4,072,109
Raw land	627,628		777,287
	$	7,090,164	$	6,770,655

Capitalized Interest Rollforward

Information related to interest capitalized into inventory is as follows ($000’s omitted):



	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2017			2016			2017			2016
Interest in inventory, beginning of period	$	203,828		$	158,653		$	186,097		$	149,498
Interest capitalized	44,949			38,231			89,872			73,515
Interest expensed	(35,927		)	(29,396		)	(63,119		)	(55,525		)
Interest in inventory, end of period	$	212,850		$	167,488		$	212,850		$	167,488

Schedule Of Company Interests In Land Option Agreements

The following provides a summary of our interests in land option agreements as of June 30, 2017 and December 31, 2016 ($000’s omitted):



	June 30, 2017				December 31, 2016
	Deposits and Pre-acquisition Costs		Remaining Purchase Price		Deposits and Pre-acquisition Costs		Remaining Purchase Price
Land options with VIEs	$	68,691	$	676,923	$	68,527	$	849,901
Other land options	131,291		1,263,372		126,909		1,252,662
	$	199,982	$	1,940,295	$	195,436	$	2,102,563

Schedule Of Impairment Losses [Table Text Block]

As a consequence of the change in strategy with respect to the future use of these land parcels, we recorded land-related charges totaling $120.5 million in the three months ended June 30, 2017 related to inventory with a pre-impairment carrying value of $161.9 million. We also recorded $5.1 million of write-offs of deposits and pre-acquisition costs related to land option contracts we no longer plan to pursue. In total, we recorded the following land-related charges ($000's omitted):



		Three Months Ended				Six Months Ended
	Statement of Operations Classification	June 30,				June 30,
	Statement of Operations Classification	2017		2016		2017		2016
Land inventory impairments	Home sale cost of revenues	$	31,487	$	—	$	31,487	$	—
Net realizable value adjustments ("NRV") - land held for sale	Land sale cost of revenues	81,006		200		82,886		68
Impairments of unconsolidated entities	Other expense, net	8,017		—		8,017		—
Write-offs of deposits and pre-acquisition costs	Other expense, net	5,063		7,414		6,718		10,454
Total land-related charges		$	125,573	$	7,614	$	129,108	$	10,522